Energy traders dig in for a long Iran war
Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows
Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows

Top energy traders warn of unprecedented hit to global energy supplies

Oil traders that normally thrive on volatility caught out by scale of crisis as energy shock unfurled

While there are buffers of supply, spare capacity will come under pressure in the event of any further escalation

Some of the world’s biggest fuel importers rush to secure oil and gas supplies as Middle East conflict chokes flow

Firms that normally profit from volatility were caught out by sudden rise in energy prices, new report finds

Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position